Q3 2015 IR Presentation | October 29, 2015 | | Page 1 Agenda 1 - PowerPoint PPT Presentation

October 29, 2015 Q3 2015 IR Presentation | October 29, 2015 | | Page 1

Agenda 1 Q3 2015 – At a Glance 2 Q3/9M 2015 – Financial Performance Review Q3 2015 – Operational Performance Broadcasting German-speaking 3.1 3 3.2 Digital & Adjacent Content Production & Global Sales 3.3 4 Summary & Outlook | October 29, 2015 | | October 29, 2015 | | Page 2 | Page 2

October 29, 2015 Q3 2015 At a Glance Thomas Ebeling Chief Executive Officer | October 29, 2015 | | Page 3

1 2 3 4 Q3 2015 – At a Glance Key financials – Q3 2015 [Q3 2015 vs. Q3 2014, in EURm] ✔ +17.2% Revenues 747.1 ✔ +9.1% Recurring EBITDA 177.8 ✔ +4.8% Underlying net income 78.3 | October 29, 2015 | | October 29, 2015 | | Page 4 | Page 4 Continuing operations

1 2 3 4 Q3 2015 – At a Glance Continued dynamic growth across all three business segments Broadcasting Content Production Digital & Adjacent German-speaking & Global Sales Ventures & Digital TV advertising Distribution Adjacent Commerce Entertainment Revenue growth vs. Q3 2014 +5.2% +7.5% +40.4% +26.2% -4.9% +6.3% +31.0% +79.9% +EUR 27.5m +EUR 49.2m +EUR 32.9m | October 29, 2015 | | October 29, 2015 | | Page 5 | Page 5 Continuing operations

1 2 3 4 Q3 2015 – At a Glance Major operational highlights ✔ Best 9M TV ratings performance in the last ten years ✔ ProSiebenSat.1 with positive TV ad performance in Q3 2015 ✔ Leading Nordic online travel agency Etraveli acquired ✔ Sports ecosystem initiated with 90MIN and Eversports ✔ Powerful US additions to Red Arrow’s digital and non -scripted portfolio | October 29, 2015 | | October 29, 2015 | | Page 6 | Page 6

1 2 3 4 Q3 2015 – At a Glance Degree of achievement of new 2018 targets 2012-18 revenue growth target, degree of achievement Current CMD 2018 target [achievement based on 9M 2015, in EUR m] Achievement by 9M 2015 X% Target achievement in % 67% 56% 33% 42% 1,850 1,200 46% Linear extrapolation of new 2018 target 375 275 784 392 209 183 Broadcasting Digital & Adjacent Content Production German-speaking & Global Sales | October 29, 2015 | | October 29, 2015 | | Page 7 | Page 7 Continuing operations

1 2 3 4 Q3 2015 – At a Glance We confirm our 2015 segment revenue growth assumptions… Broadcasting Content Production 1 2 3 Digital & Adjacent German-speaking & Global Sales Revenues double-digit Low to mid single- low double- vs. growth digit growth digit growth FY 2014 | October 29, 2015 | | October 29, 2015 | | Page 8 | Page 8 Continuing operations

1 2 3 4 Q3 2015 – At a Glance … and raise our positive full-year guidance ✔ Low double-digit Group revenue growth ✔ Ad performance at least in line with positive net TV ad market ✔ Digital & Adjacent with double-digit revenue growth ✔ Recurring EBITDA and underlying net income above prior year | October 29, 2015 | | October 29, 2015 | | Page 9 | Page 9 Continuing operations

October 29, 2015 Q3/9M 2015 Financial Performance Review Dr. Gunnar Wiedenfels Chief Financial Officer | October 29, 2015 | | Page 10

1 2 3 4 Q3/9M 2015 – Financial Performance Review Q3 2015: continued high single-digit recurring EBITDA increase Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +17.2% 747.1 800 300 +9.1% 637.5 600 177.8 200 162.9 400 100 200 0 0 Q3 2014 Q3 2015 Q3 2014 Q3 2015 Recurring EBITDA margin: 23.8% (-1.8%pts) | October 29, 2015 | | October 29, 2015 | | Page 11 | Page 11 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review 9M 2015: strong revenue and recurring EBITDA improvement Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +13.8% +8.8% 2,500 800 2,174.2 1,909.7 568.1 2,000 522.2 600 1,500 400 1,000 200 500 0 0 9M 2015 9M 2014 9M 2015 9M 2014 Recurring EBITDA margin: 26.1% (-1.2%pts) | October 29, 2015 | | October 29, 2015 | | Page 12 | Page 12 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review Q3 2015: key revenue growth drivers of ProSiebenSat.1 Key Group revenue growth drivers vs. PY [Q3 2015 external revenues, growth rates in %] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 465.1m, +6.3% EUR 207.9m, +31.0% EUR 74.1m, +79.9% Ventures & Commerce EUR 125.2m, +40.4% TV advertising EUR 423.2m, +5.2% Digital Entertainment Red Arrow EUR 67.3m, +26.2% EUR 74.1m, +79.9% Distribution Adjacent EUR 26.1m, +7.5% EUR 15.4m, -4.9% | October 29, 2015 | | October 29, 2015 | | Page 13 | Page 13 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review 9M 2015: Group revenue growth driven by all key assets Key Group revenue growth drivers vs. PY [9M 2015 external revenues, growth rates in %] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 1,470.5m, +5.2% EUR 529.6m, +28.0% EUR 174.1m, +77.9% Ventures & Commerce EUR 293.0m, +38.5% TV advertising EUR 1,352.4m, +3.9% Digital Entertainment Red Arrow EUR 185.6m, +20.9% EUR 174.1m, +77.9% Distribution Adjacent EUR 80.3m, +21.0% EUR 51.0m, +4.5% | October 29, 2015 | | October 29, 2015 | | Page 14 | Page 14 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review Q3 2015: positive revaluation of financial assets supporting financial result but adjusted in underlying net income Financial result Underlying net income [in EUR m] [in EUR m] +4.8% -93.7% 100 25 78.3 74.7 75 0 -1.5 50 -25 -22.9 25 -50 0 Q3 2014 Q3 2014 Q3 2015 Q3 2015 | October 29, 2015 | | October 29, 2015 | | Page 15 | Page 15 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review 9M 2015: improved operational and financial result drive double-digit underlying net income growth Financial result Underlying net income [in EUR m] [in EUR m] -52.8% +11.7% 50 300 266.4 238.5 0 200 -50 -49.7 100 -100 -105.3 -150 0 9M 2014 9M 2014 9M 2015 9M 2015 | October 29, 2015 | | October 29, 2015 | | Page 16 | Page 16 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review Broadcasting German-speaking: mid-single digit segment revenue and recurring EBITDA growth External revenues and recurring EBITDA [in EUR m] Q3 Q3 9M 9M y-o-y y-o-y Comments 2015 2014 2015 2014 TV ad revenue growth driven Ext. revenues 465.1 437.6 +6.3% 1,470.5 1,398.0 +5.2% by solid macro-economic environment, improving monetization of small TV TV advertising 423.2 402.4 +5.2% 1,352.4 1,301.3 +3.9% channels and currency benefits; seasonally lower Distribution 26.1 24.3 +7.5% 80.3 66.4 +21.0% non-HD distribution revenues Maintained recurring EBITDA Rec. EBITDA 137.1 129.0 +6.3% 459.9 437.2 +5.2% margin despite investments in TV program and sales force | October 29, 2015 | | October 29, 2015 | | Page 17 | Page 17 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review Digital & Adjacent: dynamic revenue and recurring EBITDA growth both in Q3 and first nine months External revenues and recurring EBITDA [in EURm] Q3 Q3 9M 9M y-o-y y-o-y Comments 2015 2014 2015 2014 Continued strong organic Ext. revenues 207.9 158.7 +31.0% 529.6 413.9 +28.0% revenue growth in Ventures & Commerce as well as Digital Ventures & Com. 125.2 89.2 +40.4% 293.0 211.5 +38.5% Entertainment; consolidation Digital Entert. 67.3 53.4 +26.2% 185.6 153.5 +20.9% effects of EUR 50m (9M 2015) and EUR 20m (Q3) in Adjacent 15.4 16.2 -4.9% 51.0 48.8 +4.5% terms of revenues Rec. EBITDA increase purely organic, overall acquisitions Rec. EBITDA 37.7 32.3 +16.7% 102.0 86.9 +17.4% not contributing profits yet | October 29, 2015 | | October 29, 2015 | | Page 18 | Page 18 Continuing operations

1 2 3 4 Q3/9M 2015 – Financial Performance Review Content Production & Global Sales: significantly improved profitability in first nine months External revenues and recurring EBITDA [in EURm] Q3 Q3 9M 9M y-o-y y-o-y Comments 2015 2014 2015 2014 Dynamic revenue growth of subsidiaries in United States, Ext. revenues 74.1 41.2 +79.9% 174.1 97.8 +77.9% UK and Israel driven by increasing market demand and key KPIs such as number of returning shows Total revenues 92.3 47.7 +93.8% 216.0 123.4 +75.1% Further improvement of Rec. EBITDA 5.3 2.2 >+100% 10.1 1.0 >+100% segment profitability due to positive operating leverage | October 29, 2015 | | October 29, 2015 | | Page 19 | Page 19 Continuing operations